Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

Carlsberg

Market Cap: US$110.3b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Trajan Group Holdings

Market Cap: AU$131.2m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

REC

Market Cap: ₹987.3b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

Shenzhen Transsion Holdings

Market Cap: CN¥87.4b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Haidilao International Holding

Market Cap: HK$72.0b

An investment holding company, engages in the restaurant operation and delivery businesses.

True Corporation

Market Cap: ฿373.2b

Provides telecommunications and value-added services in Thailand.

Binggrae

Market Cap: ₩643.7b

Engages in production and sale of dairy products in South Korea and internationally.

Vardhman Textiles

Market Cap: ₹117.0b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

Chambal Fertilisers and Chemicals

Market Cap: ₹194.0b

Produces and sells fertilizers primarily in India.

F&F

Market Cap: ₩2.4t

Manufactures and sells sewn wearing apparels in South Korea.

China Overseas Property Holdings

Market Cap: HK$15.7b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

C&D International Investment Group

Market Cap: HK$39.0b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Assetwise

Market Cap: ฿5.6b

Engages in property development and other real estate activities in Thailand.

Aurelia Metals

Market Cap: AU$457.0m

Engages in the exploration and production of mineral properties in Australia.

Beijing New Building Materials

Market Cap: CN¥40.8b

Manufactures and sells building materials in China and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Raydium Semiconductor

Market Cap: NT$19.2b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

Industrial Bank

Market Cap: CN¥427.3b

Provides banking services in the People’s Republic of China.

China Resources Land

Market Cap: HK$207.7b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Hu Lane Associate

Market Cap: NT$15.1b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Proya CosmeticsLtd

Market Cap: CN¥30.7b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥22.6b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

Nido Education

Market Cap: AU$144.4m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.5b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥24.6b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

IPH

Market Cap: AU$920.4m

Provides intellectual property (IP) services and products.

Hoa Phat Group

Market Cap: ₫214.9t

Produces and sells steel products in Vietnam.

Apeejay Surrendra Park Hotels

Market Cap: ₹31.6b

Owns and operates hotels in India.

Indofood Sukses Makmur

Market Cap: Rp62.6t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.1b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Bangchak Corporation

Market Cap: ฿38.9b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥23.2b

ShenZhen YUTO Packaging Technology Co., Ltd.

Middle East Healthcare

Market Cap: ر.س5.1b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Horizon Construction Development

Market Cap: HK$3.7b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Adairs

Market Cap: AU$400.8m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.